FNCL vs. VFH
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Vanguard Financials ETF (VFH).
FNCL and VFH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. Both FNCL and VFH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNCL or VFH.
Performance
FNCL vs. VFH - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FNCL having a 35.60% return and VFH slightly lower at 35.42%. Both investments have delivered pretty close results over the past 10 years, with FNCL having a 11.98% annualized return and VFH not far ahead at 12.02%.
FNCL
35.60%
7.55%
24.24%
47.47%
13.15%
11.98%
VFH
35.42%
7.44%
23.99%
47.35%
13.20%
12.02%
Key characteristics
| FNCL | VFH | |
|---|---|---|
| Sharpe Ratio | 3.29 | 3.26 |
| Sortino Ratio | 4.67 | 4.61 |
| Omega Ratio | 1.60 | 1.60 |
| Calmar Ratio | 3.78 | 3.79 |
| Martin Ratio | 23.48 | 23.37 |
| Ulcer Index | 2.05% | 2.05% |
| Daily Std Dev | 14.64% | 14.72% |
| Max Drawdown | -44.38% | -78.61% |
| Current Drawdown | 0.00% | 0.00% |
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FNCL vs. VFH - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is lower than VFH's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FNCL and VFH is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FNCL vs. VFH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Vanguard Financials ETF (VFH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FNCL vs. VFH - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.40%, less than VFH's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | 1.40% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% | 1.77% | 0.43% |
VFH Vanguard Financials ETF | 1.59% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% | 1.85% | 1.82% |
Drawdowns
FNCL vs. VFH - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, smaller than the maximum VFH drawdown of -78.61%. Use the drawdown chart below to compare losses from any high point for FNCL and VFH. For additional features, visit the drawdowns tool.
Volatility
FNCL vs. VFH - Volatility Comparison
Fidelity MSCI Financials Index ETF (FNCL) and Vanguard Financials ETF (VFH) have volatilities of 7.63% and 7.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.